Article • 11 months ago

DePIN Startup DIMO Raises $11.5 Million in Series A Funding for Decentralized Car Data Protocol

DIMO

Summary

DePIN startup Digital Infrastructure has raised $11.5 million in Series A funding for the DIMO network, led by CoinFund and with participation from other investors.
The funding will be used to enhance the tools and capabilities for developers building on the DIMO network.
DIMO has experienced significant growth, with over 36,000 cars connected to the network and a circulating supply of over 198 million tokens.

Source: https://www.theblock.co/post/272456/decentralized-infrastructure-11-5-million-series-a-coinfund

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